News linked to both this project and an event.
According to Korean media Daum, volatility in the South Korean stock market has recently intensified, investor risk appetite has clearly cooled, and funds are flowing back from the stock market to safe-haven assets such as banks. Due to adjustments in the semiconductor sector and stricter regulation on leveraged investment, idle funds in the South Korean stock market are withdrawing rapidly, and the market is exhibiting a phenomenon of "reverse capital migration". Data shows that as of the end of July, the time deposit balance at South Korea's five major banks (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup) reached 973.49 trillion won, an increase of 24.09 trillion won from the end of the previous month, marking the largest single-month increase this year. Funds related to the stock market also showed significant contraction. According to data from the Korea Financial Investment Association, investor securities account deposits (idle funds for stock trading) reached a historical high of 139.69 trillion won on June 4, but as of July 28, had fallen to 107.20 trillion won, a decrease of over 32 trillion won in less than two months. The balance of credit transaction financing, representing the scale of market margin trading, fell to 33.19 trillion won during the same period, a decrease of about 4.5 trillion won from the peak of 37.72 trillion won set on July 2, a decline of approximately 12%.
according to on-chain analyst Ai Yi’s monitoring, an address opened a 4x long position on 23,300 SKHX at 14:38 today, valued at $24.67 million, with an entry price of $1,106.8. The position has now incurred a floating loss of over $1 million. Due to this morning’s flash crash, most leading positions were liquidated or subjected to ADL, and this address has become the second-largest holder of SKHX positions on Hyperliquid.
according to Lookonchain monitoring, an abnormal order briefly pushed the SKHX price below $930, triggering the liquidation of over $80 million worth of SKHX positions.Among them, trader 0xc985's long position of 2,026 SKHX, worth approximately $2.08 million, was fully liquidated, resulting in a loss of about $260,000.
CryptoQuant analyst Darkfost stated that since the beginning of the year, Bitcoin's overall demand structure has shown weakness, primarily exhibiting two states: first, simultaneous contraction of spot and futures demand; second, a brief rebound in futures demand driven solely by speculation, while spot demand continued to shrink.
According to Odaily, a 26-year-old male trader at Hong Kong's Chee Fu Management Services Limited allegedly misappropriated HK$50 million of company funds as margin to purchase the CSOP Direxion 2x Long SK Hynix ETF using leveraged financing.Due to the double leverage of margin financing combined with the 2x leveraged ETF, the position incurred paper losses of approximately HK$150 million. The ETF had risen to an all-time high of HK$193.65 in late June, but subsequently corrected along with the semiconductor sector, falling over 72% to HK$52.58 as of July 20.The trader has been arrested by police on suspicion of theft. As the position has not yet been closed, the final loss will continue to fluctuate with price movements. (Tencent News)
According to EmberCN monitoring, a whale address continued to increase its BTC long position about 50 minutes ago. The BTC long position has now reached 1,662.5 BTC, valued at approximately $108 million.Data shows that the average entry price for this position is around $63,958, with an unrealized profit of about $1.38 million. Due to the use of high leverage for this position, its liquidation price is relatively close to the current price, at approximately $63,142.
Odaily In May of this year, Bankless founder David Hoffman publicly announced on the X platform that he had liquidated all of his ETH holdings.Due to ETH's recent strong price performance, some community users posted remarks teasing David for "selling ETH at the exact bottom." David Hoffman responded by saying: "Stop saying that. The current price of ETH is lower than my liquidation price."
Odaily Odaily News Blockchain analyst Vadim noted that Base experienced a network outage today due to a consensus bug triggered by a single invalid block. All block generation after height 47806542 ceased, halting the network for nearly two hours. Since Base utilizes a single sequencer architecture, when that node encountered an error, the entire network stopped running, with no backup block producer or other validator nodes available to bypass the fault and maintain on-chain activity. During the outage, users were unable to conduct transactions, perform liquidations, or process withdrawals.Furthermore, the network recovery process was not automated; node operators within the ecosystem had to manually restart for block synchronization to gradually resume. This is not the first such incident for Base. In August of last year, the network also experienced a freeze lasting approximately 33 minutes due to a sequencer switching failure. The single sequencer model exposes the centralization risks in some current L2 networks: while offering higher speed, the entire chain can come to a halt due to a single point of failure when the core component malfunctions.
according to Lookonchain monitoring, the BIT-linked whale holds 120,000 ETH and 500 BTC in long positions. Due to the recent market downturn, the unrealized losses currently exceed $92.5 million.
Bitcoin further declined toward $62,000 on Tuesday, continuing its weakvolatility amid a sixth consecutive week of spot ETF outflows, a hawkish shift in macro interest rate expectations, and pressure from quarter-end options expiration. Ethereum fell below $1,700 on the same day, with both BTC and ETH retreating nearly 20% over the past 30 days.This week's market pressure primarily stems from two key factors. First, the Federal Reserve maintained interest rates at 3.50% to 3.75% during the June 18 FOMC meeting, but the statement noticeably reduced dovish language, and the dot plot shifted from previously hinting at rate cuts to suggesting rate hikes. Among the 18 officials, 9 now expect at least one rate hike this year, and the probability of a December rate hike has significantly increased compared to a month ago.Second, geopolitical risks have once again disrupted the market. The previous expectation of a US-Iran ceasefire had pushed Bitcoin above $67,000, but the situation broke down during the signing ceremony on June 19, with Iran withdrawing from negotiations. Due to the crypto market's 24/7 trading, Bitcoin was the first to reflect this shock.Additionally, Deribit is set to see approximately $10.6 billion in options expire on June 26, further intensifying the quarter-end market观望 sentiment. Analysts believe that current leverage has been largely cleared, and market positioning is defensive. However, the next directional move still depends on Thursday's PCE inflation data and whether spot ETF fund flows can turn positive again.
Ki Young Ju, founder of CryptoQuant, stated that Bitcoin’s biggest current risk is not a sudden price drop, but rather the erosion of its market narrative amid prolonged sideways trading and an extended bear market. He pointed out that if Bitcoin lacks a compelling upward thesis for an extended period, demand could weaken, MicroStrategy’s premium may come under pressure, and Michael Saylor’s model—relying on capital markets to continuously accumulate Bitcoin—will become increasingly difficult to sustain.
: The SpaceX equity token on PreStocks is currently reported at approximately $115, representing a nearly 30% discount compared to the publicly traded SPCX share price.According to community feedback, the reason for this discount is that PreStocks has a 180-day lockup period, during which pre-listing tokens cannot be redeemed for actual shares (a fact that few people were previously aware of). As a result, holders now have only two options: either immediately sell at a discount in the market with very limited liquidity, or wait 180 days to redeem the tokens for actual shares at their full value. Based on current market performance, many users have chosen the former—selling at a discount.
market maker Wintermute released a weekly market analysis report stating that Bitcoin fell below $62,000 last week, with a weekly decline of approximately 14%, hitting a new low since September 2024. Wintermute believes that although Strategy founder Michael Saylor disclosed the sale of 32 BTC, drawing market attention, the scale of this transaction is negligible. The real reason for the market's weakness is the continuous reduction of positions by U.S. institutional investors and the outflow of funds from spot Bitcoin ETFs.Wintermute pointed out that the U.S. added 172,000 non-farm jobs in May, far exceeding the market expectation of approximately 80,000. Meanwhile, job openings rose to a near two-year high, and the service price index hit a new high since August 2022. Strong economic data has weakened market expectations for a Fed rate cut, pushing the 10-year Treasury yield to 4.55%, creating a "good news is bad news" macro environment that pressures risk assets.Meanwhile, the rally in AI concept stocks has shown signs of weakening, with the Nasdaq index falling 4.7% for the week and the S&P 500 recording its first weekly decline since March. Wintermute believes that the pullback in the AI sector, rising yields, and the upcoming SpaceX IPO have collectively dampened market risk appetite.In the crypto market, U.S. spot Bitcoin ETFs have experienced net outflows for 10 consecutive trading days as of May 30, with total outflows of approximately $2.97 billion. The net outflow in May reached $2.43 billion, marking the worst monthly performance since 2026. Wintermute OTC data shows that retail funds continue to flow into U.S. stocks, while U.S. institutional investors have recently turned bearish and are leading the selling.However, Wintermute believes there are also positive signals in the market, including long-term capital gradually building positions at current price levels. From a perspective of more than one year, Bitcoin's risk-reward ratio is becoming more attractive. The report stated that the SpaceX IPO on June 12 will serve as an important barometer for observing market risk appetite. If the issuance is smoothly absorbed, it could help boost market sentiment; conversely, it may exacerbate the pressure on risk assets.
due to profit-taking in AI concept assets and a decline in market risk appetite, Bitcoin has fallen to around $62,000, down nearly 16% from its high of over $74,000 last week. Market analysts believe that if Bitcoin loses the $60,000 mark, its next key technical support level could be around $55,000. Additionally, U.S. spot Bitcoin ETFs have recorded net outflows for 15 consecutive trading days, totaling over $4.7 billion. Meanwhile, Strategy disclosed this week that it has sold Bitcoin for the first time since 2022, which has also dampened market expectations for institutional buying.
Arthur Hayes (@CryptoHayes), co-founder of BitMEX and CIO of Maelstrom Fund, stated in a post that he has liquidated his entire $ZEC position following a vulnerability exploit targeting ZEC’s Orchard Pool. Hayes noted that although malicious minting is highly unlikely, it cannot be cryptographically proven impossible; privacy narratives demand “perfection,” not merely “probable security.” He added that if the underlying assumptions are later falsified, he does not rule out repurchasing $ZEC at a lower price. His team continues to hold a $WLD position and maintains a bullish stance.
According to The Block, blockchain analytics firm Chainalysis’ latest report states that as the gray-market peptide industry’s scale exceeds an annualized $100 million, leading suppliers are accelerating adoption of Bitcoin and stablecoins as primary settlement instruments. In Q1 2026, cryptocurrency inflows into this industry reached $32 million—a 159% quarter-on-quarter surge. Due to widespread bans imposed by traditional banks and credit card payment channels on prescription-grade compounds and unregulated substances, numerous Chinese chemical manufacturers have turned to cryptocurrencies for transactions, with high-value orders especially favoring stablecoins to hedge against price volatility risk.
on-chain data platform Bubblemaps has released an analysis of the LAB token on-chain data on X platform. Only 313 participants joined the presale on the Legion platform, with a total initial investment of approximately $1.428 million. The current market value of these presale holdings has surged to $977 million, with investors collectively enjoying an unrealized gain approaching $1 billion. Due to unlock restrictions, the full lock-up period for investors' shares extends to 2027, making it difficult to liquidate funds. The first batch of token unlocks will occur on July 14. Bubblemaps warns that the economic model featuring highly concentrated LAB holdings combined with long-term lock-up poses significant liquidity risks. There is widespread market concern that after subsequent rounds of unlocks, large-scale profit-taking by major holders could put downward pressure on the market.
According to on-chain analyst Ai Yi's monitoring, Leopold Aschenbrenner's Situational Awareness Fund only established positions in three small-cap stocks with market caps below $1 billion in Q1, all of which have surged over 130% since April. The three stocks are T1 Energy Inc. (up 140.5%), SharonAI Holdings (up 233.6%), and HIVE Digital Technologies (up 137.9%), all categorized under the AI infrastructure sector, covering electric power and energy, cloud computing, and digital infrastructure. This aligns with his core investment thesis of "betting on the physical bottlenecks of AI development." Due to Leopold's influence, all three stocks also experienced varying degrees of price increases on the day the 13F filing was disclosed.
Block's Cash App is gradually rolling out stablecoin payment functionality to its nearly 60 million users. According to sources familiar with the matter, the feature currently covers approximately 25% of users and is expected to reach full 100% availability within this week.The core functionality supports users in depositing and withdrawing via USDC, allowing free transfers of funds between external wallets and Cash App balances, and using stablecoins as a settlement tool for payments rather than as investment products. It currently supports transactions across four blockchain networks, including Solana, Ethereum, Polygon, and Arbitrum. Due to the irreversible nature of on-chain transactions, incorrect addresses or unsupported network transfers may result in permanent loss of funds.Block CEO Jack Dorsey previously stated that despite his longstanding preference for Bitcoin, user demand for stablecoins has prompted the company to adjust its strategy. (CoinDesk)
SpaceX is about to launch a massive initial public offering (IPO), sparking intensive interest from major Wall Street funds. According to reports, about a week ago, a private jet emblazoned with the SpaceX logo carried nearly 200 investors from major Wall Street funds to Texas to attend a multi-day roadshow briefing held by SpaceX executives. Due to overwhelming subscription demand, the plane could not even accommodate all interested investors. As the listing of this company, composed of Musk's rocket and AI businesses, draws near, Wall Street may be discussing which tech stocks to sell in order to free up capital for subscribing to SpaceX shares, which is expected to trigger a sell-off in tech stocks worth tens of billions of dollars. (The Information)